Latest Key Developments (Source: Significant Developments)

Straits Trading Co Ltd:Announces resignation of Thai Kum Foon as CFO.Says Yeo Sock Koon, currently Finance Director of company, will assume responsibilities of the oversight of financial and accounting functions of company.
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Straits Trading Co Ltd:Announces that the following subsidiary has been incorporated in Singapore on Feb. 6.Name of subsidiary is SRE Venture 6 Pte. Ltd.Principal activity of SRE Venture 6 Pte. Ltd. is investment holding.
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Straits Trading Co Ltd:Says Tan Hian Yew George has been appointed as the Liquidator for the voluntary winding up of Malayan Securities Pvt Ltd (MSPL) and STC Equities Holding Pte. Ltd (STCEHPL), its wholly-owned subsidiaries, on Jan. 16.
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Straits Trading Co Ltd:Says that its wholly-owned subsidiary, STC International Investment Holdings Pte. Ltd (Seller), has entered into a share transfer agreement dated Dec. 24, in relation to the disposal of all of the shares of Shanghai Straits Trading Co., Ltd (SSTCL), to Baijia International Group (Hong Kong) Ltd.Upon completion of the Disposal, SSTCL will cease to be a subsidiary of the Seller and the company.Total consideration for the sale shares, which is payable in instalments, is 19.27 mln Yuan.
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Straits Trading Co Ltd:Refers to the announcements by the company dated Sept. 5, Oct. 28 and Nov. 14, in relation to, inter alia, the proposed sale of the property known as the Straits Trading Building.Announces that the proposed sale has been completed.
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Straits Trading Co Ltd:Says that its subsidiary, Straits Real Estate Pte. Ltd. (SREPL), through its wholly owned subsidiary, Chongqing Xinchuang Mall Management Co., Ltd (Purchaser) entered into nine conditional sale and purchase agreements (SPA) with Chongqing BBMG Dacheng Shanshui Properties Co., Ltd.Chongqing BBMG Dacheng Shanshui Properties Co., Ltd is a wholly owned subsidiary of Beijing BBMG Dacheng Development Co., Ltd.SPA in relation to acquisition of a retail development known as Times Midtown located in 103, Building A, Phase- II, Chayuanhua Street, Nan’an District, Chongqing, People’s Republic of China.Property will be acquired at a purchase consideration of about 668,400,000 ringgit on a bare-shell basis upon its completion.SREPL expects to undertake asset enhancement initiatives to the Property which is expected to cost about 100,000,000 ringgit.
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